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Sep 26, 2020
Masimo Q3 2020 Earnings Report
Reported a product revenue increase of 21.5% and GAAP net income per diluted share of $0.85.
Key Takeaways
Masimo announced its Q3 2020 financial results, with total revenue increasing by 21.4% to $278.1 million compared to Q3 2019. Product revenue also increased by 21.5% to $278.1 million. GAAP net income was $49.4 million, or $0.85 per diluted share, while non-GAAP net income was $46.8 million, or $0.80 per diluted share.
Product revenue increased 21.5% to $278.1 million.
GAAP net income per diluted share was $0.85.
Non-GAAP net income per diluted share was $0.80.
Shipments of noninvasive technology boards and instruments increased 150%.
Masimo
Masimo
Forward Guidance
The Company provided the following updated estimates for its full-year 2020 guidance:
Positive Outlook
- Total revenue, including royalty and other revenue, increasing to $1,128.0 million.
- Product revenue increasing 20.5% to $1,128.0 million, on a reported and constant currency basis.
- GAAP diluted earnings per share increasing to $3.77.
- Non-GAAP diluted earnings per share increasing to $3.46.
- There is no material foreign exchange impact versus prior year on our full-year revenue guidance.